Flushing Real Estate

132-03 Sanford Avenue, Flushing, NY 11355

[Flushing Real Estate, listing number 3348184]



Description: 3348184
   Rarely Available Independent-Title Underground Parking Garage in the Heart of Flushing! Two levels totaling approximately 24,443 SF , with two entrances/exits on Sanford Ave and College Point Ave. Licensed for 105 parking spaces. Approximately 90 spaces are currently leased monthly at $300รข??$320/space, plus hourly parking income. Prime location surrounded by dense residential and vibrant commercial activity, with increasing parking demand from nearby high-rise condominiums, tennis courts, Citi Field and aquatic facilities. Major future upside from anticipated casino development and the potential to adjust parking rates from long-standing pricing. Simple operation with strong income potential. A rare investment opportunity. Seller is ready to consider serious offers.

Details:
   Property Type: Garage

Financials:
   Price: $4,680,000

 

RE/MAX Real Estate Professionals
Benson Huang
Direct: (718)872-5522
Office: 718-872-5522

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